1 bedroom apartment for sale
Forbes House, 370 Romford Road, E7 8BF
Share percentage 25%, full price £300,000, £7,500 Min Deposit.
Share percentage 25%, full price £300,000, £7,500 Min Deposit
Monthly Cost: £997
Rent £480,
Service charge £145,
Mortgage £372*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
You will need to be earning a guidance income of £34,359. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx £7,500. Total approximate savings required £11,500.
Important borough specific eligibility criteria
Newham
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
One bedroom apartment in Newham available through shared ownership 25% share £75,000. Full Market Value £ 300,000.
Description
Viewings will be taking place:
Saturday 5th July and Sunday 6th July & 10am - 2pm
Internally
Hallway/Kitchen
Bedroom
Bathroom
Reception Room
GIA
43 sqm
EPC rating
B
Lease Length
110 years
Borough
Newham
Key Features
The property is a one bedroom second floor purpose built flat.
The property is within reasonable travelling distance of the local shopping and recreational facilities within the area.
Particulars
Tenure: Leasehold
Lease Length: 110 years
Council Tax Band: B
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: n/a - Private Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £300,000, £7,500 Min Deposit. Calculated using a representative rate of 4.42%
